Reliance Home Finance Limited (RHFL), currently undergoing Corporate Insolvency Resolution Process (CIRP), has conducted its third Committee of Creditors (CoC) meeting. This development marks a step in the company's ongoing insolvency proceedings.

Meeting Details

The company held its third CoC meeting with the following specifics:

Insolvency Process Overview

RHFL's insolvency process is being overseen by Umesh Balaram Sonkar, who serves as the Interim Resolution Professional. Mr. Sonkar's role involves supervising the proceedings and ensuring compliance with the insolvency regulations.

Regulatory Compliance

The occurrence of this CoC meeting aligns with the company's obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation, read in conjunction with sub-clause 16(g) of Para A of Schedule III, mandates the disclosure of such meetings to ensure transparency in the insolvency resolution process.

Implications for Stakeholders

This meeting is of interest to various stakeholders, including creditors, shareholders, and potential investors. The outcomes of such CoC meetings can have implications for the company's future, potentially influencing its restructuring plans, debt resolution strategies, and overall financial health.

As the insolvency process continues, the decisions made during this and subsequent meetings may be significant. Stakeholders are advised to stay informed about the developments arising from these proceedings.

Reliance Home Finance Limited is expected to provide updates on further developments, ensuring that all relevant parties remain informed throughout this phase in the company's corporate journey.

Reliance Home Finance Limited (RHFL), a company currently undergoing Corporate Insolvency Resolution Process (CIRP), has taken a significant step in its restructuring journey. The company held its inaugural Committee of Creditors (CoC) meeting on October 15, 2025, marking a crucial development in its insolvency proceedings.

Key Meeting Details

The meeting, which took place at 5:00 PM, was conducted under the supervision of Interim Resolution Professional (IRP) Umesh Balaram Sonkar. This gathering comes less than a month after RHFL initiated its CIRP on September 20, 2025, highlighting the swift progress in addressing the company's financial challenges.

Regulatory Compliance

In adherence to regulatory requirements, RHFL has duly informed both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) about this development. The company's shares are listed on these exchanges under the following details:

Insolvency Process Overview

The Corporate Insolvency Resolution Process is a structured approach designed to address the financial distress of companies. It involves several key steps:

1. Appointment of an Interim Resolution Professional
2. Formation of the Committee of Creditors
3. Assessment of the company's financial position
4. Exploration of potential resolution plans

The first CoC meeting is a critical milestone in this process, as it brings together the company's creditors to discuss and decide on the path forward for resolving the company's financial difficulties.

Looking Ahead

While the specifics of the meeting's proceedings have not been disclosed, the convening of the first CoC meeting signifies that RHFL's insolvency process is progressing as per the established legal framework. Stakeholders, including shareholders and creditors, will be keenly watching for further developments as the company navigates through this challenging period.

As the CIRP unfolds, subsequent meetings and decisions of the CoC will play a crucial role in determining the future course of Reliance Home Finance Limited. The company's ability to formulate and implement an effective resolution plan will be pivotal in addressing its financial challenges and potentially charting a path towards recovery.